{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-018082","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2022-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.088008+00:00","generated_at":"2026-06-25T22:53:48.526107+00:00","sec_items":["5.07","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Lincoln Educational cites ~$80M cash, zero debt; 2021 student starts up 10.7%","bullets":["FY 2021 ended with ~$80M cash, no outstanding debt, and $11M revolver available.","Q4 2021 student starts ~2,700; average population grew ~650 vs. prior-year quarter.","Total students enrolled ~13,100 across 22 campuses as of Dec 31, 2021.","2018 cohort default rate 9.8%; 90/10 revenue ratio 75%; composite score 3.0.","Monetized real estate via sale-leaseback; plan to blend 25% online instruction."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-018082","json":"https://secwatch.observer/filing/0001140361-22-018082.json","markdown":"https://secwatch.observer/filing/0001140361-22-018082.md","text":"https://secwatch.observer/filing/0001140361-22-018082.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122018082/0001140361-22-018082-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122018082/brhc10037319_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T22:53:48.526107+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}